Archives - 18 October 2013, Friday

Now that an all-star attorney has been selected for the Silk Road operator’s defense, the big show moves to key disclosure laws and whether the Silk Road assets can ever be confiscated by the government. While the government presumably has control over the 26,000 or more bitcoin held ...

Another Silk Road is started and governments step up regulatory efforts across borders to find illegal drug transactions. A PRISM-style program is developed to sniff out any cryptocurrency delivered digitally over any phone line or ISP, and hundreds of millions of dollars are committe...

This is a metric calculating the average daily transaction volume on the Bitcoin protocol in US Dollars. The measure is a 14-day average that continuously updates itself based on new transaction levels. BTIX.I Score: "Bitcoin Transaction Index I" - The relative rank of Bitcoin's daily...

The lives of people attempting to live solely on bitcoin just got much easier, at least in the US. ‘Social’ gift card seller eGifter has started selling cards for retail behemoth Walmart. eGifter began accepting bitcoin at the beginning of October 2013, and in doing so opened up a new...

Ransomware now accepts bitcoin as a payment method Alberto Ortega October 17, 2013 Looking at the evolution of ransomware, accepting bitcoin as a payment method is probably taking too long for most common ransomware families. Not long ago, we have seen a ransomware family that accepts...

Especially after the election in September, many people’s perceptions of the Bitcoin Foundation have improved considerably, as they saw some of the recent reforms, and perhaps also the electoral victory of Elizabeth Ploshay over other, more business-oriented, candidates, as a sign tha...

If your online wealth cannot be robbed by common bandits or government officials, then the world truly has a digital money worth paying attention to. When it comes to financial matters, protected wealth beyond confiscation has profound implications that alter society from its current ...

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Food trucks have proliferated in the digital age. With social media and geolocation, potential customers can keep tabs on their favorite foods prepared in mobile kitchens. These trucks also allow entrepreneurs to try new food concepts and themes. The Cheese Wizards are a great example...

The advent of the Internet is not all positive â criminals like to use the Internet and they are very good at doing so.Â The same might be said for Bitcoin, the new raging virtual currency. Bitcoin is on the governmentâs radar screen from both a regulatory and an enforcement persp...

There were a few posts about Cryptolocker, which encrypts your files and holds them hostage on /r/sysadmin . Redditors did report that it does decrypt your files upon payment. Makes sense when you think about it... the author doesn't really care if the files survive or not, but people...

Here are my personal predictions for what will spike the price and what will crash it. It will take the worst cases of the crash scenario to actually kill off Bitcoin (it certainly won’t be US regulation, as the demand and usefulness in solving real-world financial issues is much more...

Just two weeks after the Feds shuttered the Silk Road , the notorious online drug bazaar, bitcoin prices have touched a five-month high—with a single bitcoin fetching nearly $156 each on Tokyo-based exchange Mt. Gox. Bitcoin’s resiliency can no longer be denied, especially as the digi...

"Just two weeks after the Feds shuttered the Silk Road , the notorious online drug bazaar, Bitcoin prices have touched a five-month high — with a single Bitcoin fetching nearly $156 on Tokyo-based exchange Mt. Gox . Bitcoin's resiliency can no longer be denied, especially as the digit...

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Bitcoin prospectors don’t use traditional mining equipment, of course. Gaming graphics cards are often the tool of choice. As I began writing this article, a Bitcoin was worth $107.47. The following morning, as I finalised the piece, it was worth $111.18. Currency speculators love vol...